DELY PROTEK
ActiveSummary
The computed 12-month bankruptcy probability of DELY PROTEK is 2.4% (moderate). The 2025 annual accounts show equity of €2,602 and a net result of €34,825. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 28254 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-9
Solvency26▼-74
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.3%
Return on assets
17.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-03-2026, 140 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
140 d early
2024
128 d early
2023
135 d early
2022
125 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 132 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,602▼ 97.6%
2024 · €107,778
Total assets
€197,991▲ 58.8%
2024 · €124,698
Net result
€34,825▲ 2.2%
2024 · €34,072
Working capital
€14,652▼ 83.6%
2024 · €89,341
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€60,521-€33,370▼ 44.9%€45,056▲ 35.0%€45,819▲ 1.7%
Net result€45,835above the sector's middle half-€25,871within the sector's middle half▼ 43.6%€34,072above the sector's middle half▲ 31.7%€34,825above the sector's middle half▲ 2.2%
Equity€47,835within the sector's middle half-€73,706within the sector's middle half▲ 54.1%€107,778within the sector's middle half▲ 46.2%€2,602below the sector's middle half▼ 97.6%
Total assets€169,834within the sector's middle half-€96,088within the sector's middle half▼ 43.4%€124,698within the sector's middle half▲ 29.8%€197,991within the sector's middle half▲ 58.8%
Debt€121,999-€22,383▼ 81.7%€16,921▼ 24.4%€195,389▲ 1,055%
Working capital€39,218within the sector's middle half-€62,528within the sector's middle half▲ 59.4%€89,341within the sector's middle half▲ 42.9%€14,652within the sector's middle half▼ 83.6%
Solvency28.2%within the sector's middle half-76.7%above the sector's middle half▲ 48.5pp86.4%above the sector's middle half▲ 9.7pp1.3%below the sector's middle half▼ 85.1pp
Current ratio1.33within the sector's middle half-3.79above the sector's middle half▲ 2.466.28above the sector's middle half▲ 2.491.09below the sector's middle half▼ 5.19
Return on assets (ROA)27.0%above the sector's middle half-26.9%above the sector's middle half▼ 0.1pp27.3%above the sector's middle half▲ 0.4pp17.6%within the sector's middle half▼ 9.7pp
Staff (FTE)0.3-0.7▲ 133%1▲ 42.9%1.1▲ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197,991
Fixed assets
€13,744 ▼ 25.5%
Current assets
€184,247 ▲ 73.4%
Equity and liabilities €197,991
Equity
€2,602 ▼ 97.6%
Debt
€195,389 ▲ 1,055%
Debt's share of the balance-sheet total rises from 13.6% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52,309▲
2024 · €50,266
Cash flow
€41,315▲
2024 · €39,282
Quick ratio
0.86▼
2024 · 3.64
Debt to equity
75.08▲
2024 · 0.16
Interest coverage
27.04▼
2024 · 27.66
Debt ≤ 1 year
€169,595▲
2024 · €16,921
Debt > 1 year
€25,794
Income taxes
€9,875▲
2024 · €9,482
Staff costs
€22,990▼
2024 · €33,605
A ratio outside any meaningful range has been withheld (balance sheet total €197,991, equity €2,602).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.6%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,155 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2,988 | €16,480 | €33,605 | €22,990 | ▼ 31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,291 | €4,861 | €5,210 | €6,491 | ▲ 24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €83 | - | - | - |
| Other operating charges640/8 | €907 | €170 | €313 | €1,232 | ▲ 293% |
| Non-recurring operating charges66A | - | - | €36 | - | - |
| Gross operating margin9900 | €68,706 | €54,965 | €84,220 | €76,531 | ▼ 9.1% |
| Operating profit (loss)9901 | €60,521 | €33,370 | €45,056 | €45,819 | ▲ 1.7% |
| Financial income75/76B | €1,212 | €560 | €316 | €816 | ▲ 158% |
| Recurring financial income75 | €1,212 | €560 | €316 | €816 | ▲ 158% |
| Financial charges65/66B | €180 | €771 | €1,818 | €1,935 | ▲ 6.5% |
| Recurring financial charges65 | €180 | €771 | €1,818 | €1,935 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €61,553 | €33,160 | €43,554 | €44,700 | ▲ 2.6% |
| Income taxes67/77 | €15,719 | €7,289 | €9,482 | €9,875 | ▲ 4.1% |
| Profit (loss) for the period9904 | €45,835 | €25,871 | €34,072 | €34,825 | ▲ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €45,835 | €25,871 | €34,072 | €34,825 | ▲ 2.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €169,834 | €96,088 | €124,698 | €197,991 | ▲ 58.8% |
| Fixed assets21/28 | €13,003 | €11,177 | €18,437 | €13,744 | ▼ 25.5% |
| Tangible fixed assets22/27 | €13,003 | €11,177 | €18,437 | €13,744 | ▼ 25.5% |
| Plant, machinery and equipment23 | €9,329 | €8,787 | €10,356 | €7,123 | ▼ 31.2% |
| Furniture and vehicles24 | €3,674 | €2,390 | €8,081 | €6,621 | ▼ 18.1% |
| Current assets29/58 | €156,830 | €84,911 | €106,262 | €184,247 | ▲ 73.4% |
| Stocks and contracts in progress3 | €35,748 | €29,681 | €44,633 | €39,069 | ▼ 12.5% |
| Stocks30/36 | €35,748 | €29,681 | €44,633 | €39,069 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €101,572 | €29,844 | €40,221 | €121,338 | ▲ 202% |
| Trade receivables40 | €98,825 | €18,524 | €33,482 | €39,302 | ▲ 17.4% |
| Other amounts receivable41 | €2,747 | €11,320 | €6,739 | €82,037 | ▲ 1,117% |
| Cash at bank and in hand54/58 | €19,510 | €12,079 | €11,257 | €16,972 | ▲ 50.8% |
| Deferred charges and accrued income490/1 | - | €13,306 | €10,151 | €6,868 | ▼ 32.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €169,834 | €96,088 | €124,698 | €197,991 | ▲ 58.8% |
| Equity10/15 | €47,835 | €73,706 | €107,778 | €2,602 | ▼ 97.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €45,835 | €71,706 | €105,778 | €602 | ▼ 99.4% |
| Amounts payable17/49 | €121,999 | €22,383 | €16,921 | €195,389 | ▲ 1,055% |
| Amounts payable after more than one year17 | - | - | - | €25,794 | - |
| Financial debts170/4 | - | - | - | €25,794 | - |
| Amounts payable within one year42/48 | €117,613 | €22,383 | €16,921 | €169,595 | ▲ 902% |
| Current portion of amounts payable after more than one year42 | €4,196 | €3,412 | - | €25,523 | - |
| Trade debts44 | €84,372 | €3,589 | €12,643 | - | - |
| Suppliers440/4 | €84,372 | €3,589 | €12,643 | - | - |
| Taxes, remuneration and social security45 | €6,806 | €942 | €2,112 | €25,072 | ▲ 1,087% |
| Taxes450/3 | €6,625 | - | - | €23,630 | - |
| Remuneration and social security454/9 | €181 | €942 | €2,112 | €1,442 | ▼ 31.7% |
| Other amounts payable47/48 | €22,238 | €14,439 | €2,166 | €119,000 | ▲ 5,394% |
| Accrued charges and deferred income492/3 | €4,387 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,835 | €25,871 | €34,072 | €34,825 | ▲ 2.2% |
| + Depreciation and write-downs630 | €4,291 | €4,861 | €5,210 | €6,491 | ▲ 24.6% |
| Operating cash flow (approximation) | €50,125 | €30,732 | €39,282 | €41,315 | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | -€3,035 | -€12,469 | -€1,798 | ▲ 85.6% |
| Change in cash | - | -€7,431 | -€822 | €5,715 | ▲ 795% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €107,778 ▲46.2%
3 profitable years in a row build equity to €107,778.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €25,871 ▼43.6%
Net result drops to €25,871, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.79
Current ratio from 1.33 to 3.79; short-term debt falls from €117,613 to €22,383.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2021
Ground area
6,296 m²
Building footprint
228 m²
Volume, LiDAR
1,608 m³
Parcel 57463L0276/00F009, Wallonia · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DELY PROTEK
since 20212.324.269.755
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0276/00F009 | Wallonia | 6,296 m² | 1 · 228 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,233. 589 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43211General electrical installation work
43212Electrical installation work in industrial facilities
43230Insulation installation
46190Agents in non-specialised wholesale trade
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777414121
Registered
29-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.